We say it time and time again but despite the doom and gloom surrounding the United Kingdom economy house prices continue to move higher with the London the only area struggling at the moment.
First-time buyer market recordRightmove said the largest price increases had been recorded in the first-time buyer market where the average for a property with up two bedrooms now stood at a record £194,881 - 6.5 per cent higher than the average at this time past year.
It said the average asking price in April surpasses a previous high of £310,471 reached in June 2016.
Across all sectors, while month-on-month prices have increased, annual growth has slowed to its lowest since April 2013.
The biggest monthly increases were seen in the Wales (7.6 per cent) the east of England and the south west (both 2.8 per cent), while Greater London was the only region to see a drop in prices (-2 per cent).
London home prices saw their biggest drop in April in nearly eight years, as the capital continues to underperform compared to the rest of the country.
Property website, Rightmove, reports that average asking prices for house sales in England and Wales have hit a new high.
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In Wales, asking prices are up by 4% year-on-year to reach £186,172 on average.
Rightmove director Miles Shipside commented: "High buyer demand in most parts of the country has helped to propel the price of newly marketed property to record highs". Strong buyer activity this month has led to 10% higher numbers of sales agreed than in the same period in 2016.
'This large year-on-year disparity should be viewed cautiously as the comparable timespan in 2016 saw a drop in buy-to-let activity with the additional second home stamp duty'.
Martin Shipside, Rightmove director and housing market analyst, said: "There are signs of a strong spring market with the number of sales agreed achieved at this time of year being the highest since 2007".
In March, the average time it took for a home to be sold was 65 days, compared to 71 days in February, Rightmove said.
The average property price increased by just over £13,000 in one month and at this moment in time there is no reason to believe further increases will not follow. It would be wrong to suggest that we are over the worst with regards to Brexit, indeed we have now only entered negotiations, but the doom and gloom merchants of a year ago have seen their predictions blown out of the water.
House price growth in England was slightly up on the national figure, at 6.3%, taking the average property value to £234,466.
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